Bushido Capital US Equity ETF

Frequently Asked Questions About SMRI

What does SMRI invest in?

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund’s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

What is the expense ratio of SMRI?

Bushido Capital US Equity ETF (SMRI) charges an expense ratio of 0.72%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SMRI?

Bushido Capital US Equity ETF (SMRI) manages $479.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SMRI actively managed or an index fund?

SMRI is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SMRI's is 0.72%) in exchange for the discretion to over- or under-weight positions.

When was SMRI launched?

Bushido Capital US Equity ETF (SMRI) launched in September 2023 and is managed by Bushido.

How has SMRI performed?

SMRI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.